In a remarkable win for leading local insurer Union Assurance (UA), the company achieved the highest number qualifiers for the prestigious Million Dollar Round Table (MDRT).
The Million Dollar Round Table (MDRT) is a global, independent association of the world’s leading life insurance and financial services professionals, with 66,000 members in 72 countries from more than 500 of the world’s leading companies.
In total 172 insurance brokers from Union Assurance, including 5 Top of the Table achievers, 10 Court of the Table achievers and 157 further qualifiers, were felicitated with by Union Assurance for being selected to the MDRT.
The 5 Top of the Table achievers were bestowed with brand new Mercedes Benz and Toyota Premio automobiles, while the 10 Court of the Table achievers were presented with overseas tours. The rest of the MDRT achievers were rewarded with the latest Apple iPads, while all achievers were given special commendation by Union Assurance for their outstanding commitment to providing the best service experience to Union Assurance customers.
Commenting on the milestone reached by the company, Union Assurance Chief Executive Officer (CEO) Jude Gomes said: “It is with great pride that we celebrate our team for this amazing achievement. Despite the challenging situation, our employees have stood up and excelled. They have reached great heights while meeting all Union Assurance objectives, and keeping to our values excellence, innovation, trust, ethics and integrity.
“The fact that we are also the only company to have produced the highest number of MDRT qualifiers in Sri Lanka makes this a truly remarkable achievement. The success of our employees is directly reflected in the success of our business, so we take every possible step to ensure that our valued employees are always incentivized and motivated to constantly enhance their capabilities.”
He added that training and development would always remain a key pillar of the Union Assurance strategy. In order to maintain these high standards of personal development, the company offers tailor-made training and facilitates independent recognition programmes that keep them engaged throughout their career at Union Assurance.
MDRT focuses on networking, education, personal and professional growth, while adhering to ethical client service standards. Members must meet strict requirements for membership, including satisfying certain levels of production, and must reapply for membership annually to ensure they continue to meet MDRT standards. Top of the Table membership allows members to access the highest level of member benefits and recognition.
Union Assurance is a part of the John Keells Group, Sri Lanka’s largest listed conglomerate. It is among the most awarded Insurance companies in Sri Lanka, completing over three decades of success with a Market Capitalization of Rs.18.2 billion, a Life Fund of Rs.41.3 billion and a Capital Adequacy Ratio (CAR) of 447%, as at November 2020. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover Education, Health, Investments, Protection, and Retirement Needs of Sri Lankans. With 76 branched and an over 3,000-strong workforce, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.